Hello,
I am a on a pension and my COLA mid 2026 will send me over the cliff for the 400% of poverty level of my MAGI by about $600 thus costing me a 670% premium increase, yes that is correct.
I have read whereas I could contribute more traditional IRA funds, but I am very confused as to how you remove then add back the contribution from AGI, etc. I know that the 400% for 2 people is $84,600, so i would want to be below that final number.
I would appreciate any suggestions on how I should proceed down that avenue. Thanks!
